USD/CHF Technical Analysis: USD/CHF can sink to 0.9580 level
|- USD/CHF main bear trend remains intact.
- USD/CHF is trading below its 50, 100 and 200-period simple moving averages (SMA) on the 4-hour chart while the RSI and MACD indicator are pointing to more losses.
- The main objective for bears is to break below 0.9650 (August 29 low) in order to reach 0.9580 April 17 low in the coming weeks.
Spot rate: 0.9670
Relative change: -0.42%
High: 0.9715
Low: 0.9657
Main trend: Bearish
Resistance 1: 0.9700 figure
Resistance 2: 0.9745-47, August 28 low, 200-day simple moving average
Resistance 3: 0.9768 September 4 swing high
Resistance 5: 0.9788 June 7 swing low (key level)
Resistance 6: 0.9807 August 22 low
Resistance 7: 0.9820 August 25 low
Support 1: 0.9650 August 29 low
Support 2: 0.9580 April 17 low
Support 3: 0.9500 figure
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